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New Funds Released

nvesting in mutual funds carries market risks; returns are not guaranteed and can fluctuate with market conditions. Always review the fund’s prospectus and consider your risk tolerance before investing. Past performance does not predict future results; invest wisely.

SBI Innovative Opportunities Fund

Type of Scheme

An open-ended equity scheme following innovation theme.

Investment Objective

The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.
However, there is no assurance that the investment objective of the scheme will be achieved.

Plans & Options

Regular & Direct Plan ; Both plans provide two options – Growth Option and Income Distribution cum capital withdrawal (IDCW) Option

Application Amount

Minimum Investment Amount : Rs. 5000/- and in multiples of ₹ 1 thereafter.
Additional Purchase Amount: Rs. 1000/- and in multiples of ₹ 1 thereafter.
Minimum Monthly SIP Amount: Rs. 500/- and in multiples of Re. 1 thereafter.

Fund Manager

Mr. Prasad Padala
Mr. Pradeep Kesavan is the dedicated fund manager for overseas securities

Benchmark

NIFTY 500 TRI

Exit Load

For Ongoing basis: 1% of the applicable NAV – If units purchased or switched in from another scheme of the fund are redeemed or switched out on or before 1 year from the date of allotment.
NIL – If units purchased or switched in from another scheme of the fund are redeemed or switched out after 1 year from the date of allotment.

NFO Open Date

July 29, 2024

NFO Close Date

August 12, 2024

Allotment Date

August 20, 2024